An industry that realizes such large economies of scale in producing its product that single-firm production of that good or service is most efficient is called a(n)

A) fixed cost monopoly.
B) patent monopoly.
C) economies of scale monopoly.
D) natural monopoly.

Economies of Scale Monopoly

A market scenario where a single firm can produce goods at a lower cost per unit due to its large scale of production as compared to smaller competitors.

Natural Monopoly

A market condition where due to high fixed costs or unique product, a single supplier is most efficient in serving the entire market demand.

Single-Firm Production

The manufacturing or creation of products by one company, without relying on external firms for major components or processes.